Elo Mutual Pension Insurance Co Acquires 3,074 Shares of Tyson Foods, Inc. (NYSE:TSN)

Elo Mutual Pension Insurance Co boosted its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 13.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,795 shares of the company’s stock after purchasing an additional 3,074 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Tyson Foods were worth $1,531,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Retirement Systems of Alabama grew its position in Tyson Foods by 0.5% in the first quarter. Retirement Systems of Alabama now owns 63,199 shares of the company’s stock valued at $3,712,000 after acquiring an additional 337 shares during the period. Oppenheimer & Co. Inc. grew its holdings in shares of Tyson Foods by 100.7% in the 1st quarter. Oppenheimer & Co. Inc. now owns 10,315 shares of the company’s stock worth $606,000 after purchasing an additional 5,175 shares during the last quarter. Cetera Advisors LLC lifted its holdings in Tyson Foods by 149.2% during the 1st quarter. Cetera Advisors LLC now owns 19,083 shares of the company’s stock valued at $1,121,000 after purchasing an additional 11,425 shares during the last quarter. Eisler Capital UK Ltd. bought a new position in Tyson Foods during the 4th quarter valued at about $1,399,000. Finally, Tokio Marine Asset Management Co. Ltd. boosted its position in Tyson Foods by 26.3% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,837 shares of the company’s stock valued at $519,000 after buying an additional 1,841 shares in the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Price Performance

Shares of TSN stock opened at $60.14 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.82 and a debt-to-equity ratio of 0.53. Tyson Foods, Inc. has a 12 month low of $44.94 and a 12 month high of $66.88. The firm has a market cap of $21.40 billion, a price-to-earnings ratio of -33.79, a PEG ratio of 0.43 and a beta of 0.78. The stock has a 50-day moving average price of $62.05 and a 200 day moving average price of $59.31.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.22. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The business had revenue of $13.35 billion during the quarter, compared to the consensus estimate of $13.21 billion. During the same period in the previous year, the firm posted $0.15 earnings per share. Tyson Foods’s revenue for the quarter was up 1.6% compared to the same quarter last year. Research analysts expect that Tyson Foods, Inc. will post 2.82 EPS for the current year.

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.49 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.96 annualized dividend and a dividend yield of 3.26%. Tyson Foods’s dividend payout ratio is currently -110.11%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TSN. BMO Capital Markets lifted their target price on shares of Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a research note on Tuesday, August 6th. Bank of America reduced their price objective on Tyson Foods from $62.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Barclays raised their target price on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $61.44.

Tyson Foods Company Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.